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The company collects $5,500 subsequently on a specific account that had previously been determined to be uncollectible in part (c)

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The company collects $5,500 subsequently on a specific account that had previously been determined to be uncollectible in part (c). Prepare the journal entries necessary to (1) restore the account and (2) record the cash collection. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

 

No.

Account Titles and Explanation

Debit

Credit

1.

enter an account title to record the first transaction

 

enter a debit amount

 

 

 

enter a credit amount

 

enter an account title to record the first transaction

 

enter a debit amount

 

enter a credit amount

 

2.

enter an account title to record the second transaction

 

enter a debit amount

 

 

 

enter a credit amount

 

enter an account title to record the second transaction